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Briggs & Stratton Dividend Payout Motors On

Small-engine maker has made the same payout to investors for the past four quarters.

Small-engine maker Briggs & Stratton(NYSE:BGG)announced today its third-quarter dividend of $0.12 per share, the same rate it's paid for the past four quarters after raising the payout 9% from $0.11 per share.

The board of directors said the quarterly dividend is payable on Oct. 1 to the holders of record at the close of business on Sept. 16. The regular dividend payment equates to a $0.48-per-share annual dividend, yielding 2.4% based on the closing price today of Briggs & Stratton's stock.

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